Don't miss out on this gorgeous 1/1 income producing condo for sale!!!
Lakewood Park is a hidden gem in Altamonte Springs. Located on Forestway Circle, this beautiful one bedroom one bath condo has an open floor plan that has been freshly painted with gorgeous new laminated flooring all throughout. This well-maintained condo offers a cozy feeling with oversize windows to allow natural lighting in the bedroom and livingroom. A great accent is the beautiful decorative electric fireplace, kitchen backsplash, and center island. Condo comes with all appliances, an interior laundry space with a full-size WASHER & DRYER included. Additionally this condo have tons of storage space with several closets throughout, including outdoor storage closet on the balcony as well.
This community is centrally located in the heart of Altamonte Springs and is within walking distance from the Altamonte Mall. It's close to hospital, many shopping and dining plazas, downtown Orlando, Cranes Roost Park, I-4, and the 429 Beltway.
The lakefront Community is gated and overlooks the serene Lake Orienta with lake front access. This community provides amenities such as two swimming pools, a fitness center, clubhouse, theater room, tennis courts, beach volleyball, car wash, boat/jet ski storage, and meticulous communal spaces. Its HOA dues include water/sewer, valet trash removal.
This income producing property is currently leased, expiring on January 31, 2025.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $111,920 | $111,920 | $111,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $142 | $142 | $142 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $745 | $744 | $944 |
Total Monthly Payment | $962 | $961 | $1,161 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.